 "Cheaper solar sparks change in energy use")
Solar power becoming cheaper than its coal-based alternative for the first time in the country seems to have sparked an energy transformation, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).
Various state governments have, in recent times, cancelled nearly 13 Gw of coal power projects. This has happened, according to the IEEFA, because of a record low rate for solar power at Rs 2.44 per unit ($0.038 per per kWh). “For the first time, solar is cheaper than coal in India and the implications this has for transforming global energy markets is profound,” said Tim
